Euro zone growth bolstered by exports as investment stalls

GDP expanded by 0.3 per cent in the second quarter

Euro zone GDP expanded by 0.3 per cent in the second quarter

A surge in euro zone exports droveeconomic growth in the second quarter as domestic spending slowed, according to data published by the European Union’s statistics office in Luxembourg.

Exports made biggest contribution to growth, adding 0.5 percentage point, as investment stalled while private and government consumption slowed.

Gross domestic product increased 0.3 per cent from the previous quarter, when it rose 0.5 per cent. The GDP growth in line withan initial estimate.

The ...